Brothers’ bitcoin firm plans to raise €200,000

James and Peter Nagle, co-founders of Bitcove Picture: Gerard McCarthy

Cork-based Bitcove, a bitcoin exchange company, is planning to raise €200,000 before the end of 2015, so it can expand into Britain and Europe within the next year.

Bitcoin is a form of digital currency, created and held electronically. There is a limited amount of Bitcoin, just like gold, so there will only ever be 21 million bitcoins in circulation.

Bitcove is an online crypto currency broker that provides a simple avenue for ...